Economic Systems 3/13

Bell-ringer: Review: What type of government would

you want to live under? Why?New: How does our economy work? Do you

think it works well? Is it fair?

HERSHEY KISS GAME

• 3 kisses per student• 3 students with 10 kisses• Rock-paper-scissors

ROUND 1 REFLECTION

• How did you feel at the beginning of the game?• How did you feel when you ran out of candy

and had to sit down? • What tactics could you have used to get back

into the game? (Steal, bargain, buy someone off, lie)

• Was the game fair? • What could the teacher have done to make it

fair and should she do it?

Capitalism

• Private ownership of industry

• Freedom of competition

• Unequal Classes

CAPITALISM

• Complaints by students

CLASS STRUGGLE

• Strategies on how to get back into the game or to change the game

REVOLT

• A new game…

SOCIALISM

HERSHEY KISS GAME ROUND 2

• Teacher is government• Everyone has equal kisses• Do you want to play?

Socialism Communism

• Government owns industry

• Goal is for Equal distribution

SOCIALISM

• CLASSLESS SOCIETY• EVERYONE HAS THEIR

NEEDS MET• NO NEED FOR

GOVERNMENT

COMMUNISM

Capitalism:An economic and political system in which a country's trade and industry are controlled by private owners for profit.

Socialism:A political and economic system in which production (factories), distribution, and exchange should be controlled (often by a government).

Communism:A political and economic theory by Karl Marx, advocating class struggle and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs. (Classless society)

COMMUNISM in the 1900s• Because of the influence of the Socialist Revolution in

Russia in 1917, many leaders claimed to be socialist, when really they were not. (they had some features of socialism, but not many)

• These leaders include…– Josef Stalin – the dictator of the USSR– Mao Zedong – the chairman of Communist China– Fidel Castro – the President of Cuba

• THE MAJOR THING IN COMMON IS THAT THE GOVERNMENT IN COMMUNIST COUNTRIES IN THE 1900s OWNED ALL INDUSTRY, FACTORIES, ETC.

REFLECTION

• What are 2 Pros and 2 Cons for each economic system? (Draw three T-charts)

• Which economic system would you want in our society? Why?

6 corners: Which type of government would you want to live under?

• Front left-Anarchy• Front right-Theocracy• Front left-Dictatorship• Back left- Direct Democracy • Middle front-Oligarchy• Middle back-Representative democracy

3 corners: Which type of economic system would you want to live in?

• Left: capitalist• Right: Communist• Middle: Socialist